Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 192 for the third quarter 2017 and EBIT per kg of NOK 19.29. Corresponding figures for the same quarter last year were MNOK 218 and NOK 30.35.
- NRS has today presented the second highest operating EBIT in a third quarter. The biomass in the sea has increased through the quarter and is 43% higher compared to the end of the same quarter last year, says CEO Charles Høstlund.
The result before tax and fair value adjustments for the third quarter was MNOK 276, after a gain from financial assets of MNOK 69 were recognized. Earnings per share before fair value adjustments was NOK 5.33 for the quarter.
After NRS increased its biomass by 3 000 tonnes in the quarter, operational cash flow became MNOK 107. During the quarter, the Group's net interest-bearing debt decreased by MNOK 55to MNOK 539. Equity by the end of the quarter is MNOK 1 978, which equates an equity ratio of 47.4 per cent. Return on capital employed for the last four quarters is 43.8 per cent.
Region North
Region North posted an operational EBIT of MNOK 155.3 in the quarter, compared with MNOK 220.3 in the corresponding quarter last year. Operational EBIT per kg gutted weight was NOK 18.85, compared with NOK 31.09 in the corresponding quarter last year.
Region South
Region South posted an operational EBIT of MNOK 46.3 in the quarter, compared with MNOK 8.5 in the corresponding quarter last year. Operational EBIT per kg gutted weight was NOK 20.91, compared with NOK 18.73 in the corresponding quarter last year.
NRS harvested its highest volume in a quarter of 10 454 tonnes gutted weight, which is 39 per cent higher than in the same quarter last year. 8 238 tonnes of the total volume were harvested in Region North and 2 216 tonnes in Region South. Estimated harvest volume is 32 500 tonnes for 2017 and 43 000 tonnes for 2018, an increase of 32 per cent from 2017. 11.5 million smolts are planned released in 2017. The sales business sold 22 296 tonnes salmon during the quarter, an increase of 26 per cent from the corresponding quarter last year. This is the highest sold volume for a quarter in the history of NRS.
- NRS has a strong focus on growth and utilization of our production capacity and expects as good as full utilisation of the Group's MAB in the fourth quarter, says Charles Høstlund.
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Topic: Today Norway Royal Salmon Report (Read 899 times)